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If your salary was 33000 a year how much will you make each week?
That would be 33,000 divided by approx 52 which equals 634 dollars. (Minus Federal, State, and FICA witholding)
How do you calculate a net income percentage?
In general, net income is gross minus tax/FICA/Medicare withholding, unusual work expenses such as uniforms, health/dental insurance, and current support for other children as ordered and paid.
Income ta withheld from each paycheck and sent to the state or federal government?
First your paycheck with your NET take home pay (net pay after all deductions) that you have in your hand will not have anything withheld from it because it is issued to you after all of the necessary taxes and other amounts that the employer is required to withhold from your gross wages, salary, earnings, etc.You should get this information from your employer payroll department as they will be the one that would know how much FICA, federal income tax, state income, local taxes, etc they will have to withhold from your hourly pay or gross pay for the pay period. They will do this before they issue your net take home paycheck to you
How much tax do you have to pay if you work 23 hours per week?
it depends on the rate of pay and what state you are in for state taxes. federal witholding will be at lest 17% (assuming you are paid minimum wage) and states well states can be zero to ten % so...can you be more specific wge rate per hour and state of residence you will laso have to have soc sec wtheld state tax state disability insurance fica etc
Do you have to file taxes for a side job you made less than 600?
You are required to report ALL of your income, even barter income, regardless of the amount. For each of your different businesses (if you have more than 1), you would file a separate Schedule C and Schedule SE. If you have more than $400 NET income from your schedule C, then it is Self-Employment taxable. Self-employment tax is merely both sides of FICA (aka social security/medicare); employee AND employer. Any net income (or loss) from the Schedule C is then reported on the first page of the 1040. All of your income and loss (W-2, 1099-INT/Div, Stock Sales, Business/Schedule C, Rental/Schedule E, etc) are added together to determine your AGI. Then your exemptions and deductions (standard or itemized) are factored in to give you your taxable income.
Are union negotiation subject to FICA taxes?
It would seem logical that a negotiator who is a full time employee of, for example, the Teamsters Union, would be subject to FICA withholding taxes.
Angela wants to calculate her take-home pay. She earns 1377 monthly. She pays federal tax of 200 state tax of 41.31 and 7.65 in FICA tax. What is Angela's monthly net pay?
1030.35
What would the FICA be if it was 0725 on 359.25?
0.0725 of 359.25 is 26.05 . (rounded)
What taxes would be deducted in determining an employee's net pay?
FICA taxes
Who pays FICA taxes?
employers pay the fica tax
What is the FICA withholding rate for 2011?
what is the FICA rate for 2011
What is the FICA withholding income limit for 2009?
In 2009, the IRS set annual Social Security wage base limit at $106,800 at 6.2%. That would make the maximum FICA withholdings $6,621.60.
What are two of programs that FICA funds?
Social Security and Medicare are funded by FICA
Maximum amounts of earnings subject to FICA taxes?
When you have one employer the amount of FICA for your social security would stop once your wages with the withheld social security amount reach 106800 and social security amount withheld would be 6621.60
What is FICA EE stand for on paystub?
FICA EE is one of the Federal income taxes that gets withheld on your pay check. FICA is actually an acronym for "Federal Insurance Contributions Act". The money is used to pay older Americans for their Social Security retirement and Medicare benefits. The EE portion of FICA EE means that it was withheld from you, the employee. If you were to see a tax with ER, that would indicate your employers contributions.
Angela wants to calculate her take-home pay She earns 1377 monthly She pays federal tax of 200 state tax of 41.31and 7.65 percent in FICA tax What is Angela's monthly net pay?
Angela should get this information from her employer payroll department as they will be the one that would know how much FICA, federal income tax, state income, local taxes, etc they will have to withhold from her hourly pay or gross pay for the pay period.
The Social Security tax is 6 2 percent and the Medicare tax is 1 45 percent of your annual income How much would you pay per year to FICA if your annual earnings were 47000?
47000 times 7.65 % the amount of FICA would be 3595.50.
